Samsung Group plans $90 billion investment in South Korea's central region

Samsung Group unveiled ambitious plans to invest 140 trillion won, approximately $90 billion, in South Korea's central Chungcheong province. The investment will bolster production of critical components including display panels, batteries, chips, and chip materials.

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Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 56 trillion to build packaging facilities for high-bandwidth memory chips in Onyang and Cheonan.

Samsung Display will allocate 67 trillion won to its facilities in Asan and Cheonan. Meanwhile, Samsung Electronics plans to invest 56 trillion won to establish packaging facilities for high-bandwidth memory chips in Onyang and Cheonan. These initiatives are part of larger investment strategies the group outlined earlier.

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Samsung SDI to spend 9 trillion won by 2040 in Cheonan for production and research and development of next-generation batteries.

Samsung SDI will contribute 9 trillion won by 2040 to its Cheonan site for the production and research of next-generation batteries. Additionally, Samsung Electro-Mechanics will invest 8 trillion won by 2040 in Sejong to develop advanced chip packaging materials essential for AI servers and to cultivate domestic talent in the field.

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Samsung Electro-Mechanics to invest 8 trillion won by 2040 in Sejong to produce advanced chip packaging materials for AI servers and nurture domestic talent.